When times are tough, it can be difficult to make ends meet. Unfortunately, there are unscrupulous people who take advantage of people when faced with desperate circumstances. While there are legitimate ways to get money, you should be on the lookout for scams that promise you quick money. To help you out, here are 13 apps for cash loans that serve as payday loan alternatives. Earnings: Best for hourly workers.
Earnin is an application that allows you to borrow against your next paycheck quickly without any fees or interest payments. This app has a platform designed to be more than just a payday loan alternative, it even allows users to pay their bills and get discounts on prescription drugs. Dave: Best for budgeting. Dave is an app that offers budgeting tools to help you track and manage your spending or automated savings tools to help you build up your emergency fund.
It also offers cash advances of up to $75 with no interest or fees. MoneyLion: Best for credit building. MoneyLion is an app that offers cash advances of up to $250 with no interest or fees. It also offers credit building tools and rewards programs. Brigit: Best for overdraft protection. Brigit is an app that offers cash advances of up to $250 with no interest or fees.
It also offers overdraft protection and budgeting tools. Chime: Best for direct deposit advances. Chime is an app that offers direct deposit advances of up to $100 with no interest or fees. It also offers budgeting tools and rewards programs. PayActiv: Best for medical bills. PayActiv is an app that offers cash advances of up to $500 with no interest or fees.
It also offers budgeting tools and medical bill assistance. DailyPay: Best for gig workers. DailyPay is an app that offers cash advances of up to $500 with no interest or fees. It also offers budgeting tools and rewards programs. FlexWage: Best for employers. FlexWage is an app that allows employers to offer their employees access to their earned wages before payday with no interest or fees. Even: Best for budgeting and savings.
Even is an app that offers cash advances of up to $250 with no interest or fees. It also offers budgeting tools and automated savings plans. Clearbanc: Best for entrepreneurs. Clearbanc is an app that offers cash advances of up to $10,000 with no interest or fees. It also offers budgeting tools and rewards programs. Payday Advance Apps are not considered payday lenders and payday loan regulations do not apply to them.
Therefore, instead of giving you a small loan, you can receive a payroll advance through the app and the money is deducted from your checking account the next payday. If you're used to living paycheck to paycheck, it's helpful to find a decent $50 instant loan app that will help you until the next payday. Like payday lenders, apps that offer advances don't report payments to major credit bureaus, so they can't help or hurt your credit rating.
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